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Bharat Forge Ltd.

BSE: 500493 Sector: Engineering
NSE: BHARATFORG ISIN Code: INE465A01025
BSE LIVE 15:56 | 07 Dec 916.00 19.25
(2.15%)
OPEN

901.85

HIGH

926.00

LOW

899.25

NSE LIVE 15:54 | 07 Dec 915.25 18.45
(2.06%)
OPEN

903.00

HIGH

925.90

LOW

898.55

OPEN 901.85
PREVIOUS CLOSE 896.75
VOLUME 117680
52-Week high 979.35
52-Week low 686.80
P/E 36.61
Mkt Cap.(Rs cr) 21324.48
Buy Price 924.15
Buy Qty 248.00
Sell Price 0.00
Sell Qty 0.00
OPEN 901.85
CLOSE 896.75
VOLUME 117680
52-Week high 979.35
52-Week low 686.80
P/E 36.61
Mkt Cap.(Rs cr) 21324.48
Buy Price 924.15
Buy Qty 248.00
Sell Price 0.00
Sell Qty 0.00

Bharat Forge Ltd. (BHARATFORG) - Company History

Bharat Forge Ltd (BFL) the Pune based Indian multinational is a technology-driven global leader in metal forming having trans-continental presence across a dozen manufacturing locations serving several sectors including automobile power oil and gas rail & marine aerospace construction & mining etc. The company is a part of Kalyani Group. The company has the largest repository of metallurgical knowledge in the region and offers complete service supply capability to their geographically dispersed marquee customers from concept to product design engineering manufacturing testing and validation. The company has their manufacturing facilities spread across India Europe US & China. They manufacture a wide range of safety and critical components for the automotive & non-automotive sector. It is the country's largest manufacturer and exporter of automotive components and leading chassis component manufacturer. The company customer base includes virtually every global automotive OEM and Tier 1 supplier.Bharat Forge Ltd was incorporated in the year 1961. In the year 1996 the company commenced commercial production. In the year 1995 the company commenced exports to erstwhile USSR by winning a large contract for under carriage components. In the year 1990 they made investment in state-of-art forging technology. Also they commissioned 16000 MT press line. In the year 1991 the company commenced supply of engine & chassis components to Japan USA and UK. In the year 2001 the company commissioned their second 16000 MT press line. Also they acquired the order book of Dand Kirkstall. In the year 2002 they made investment of $ 80 million in Research & Development Testing & Validation and state-of-the-art Heavy Duty Truck Crankshaft Machining facilities. In November 21 2003 the company acquired Carl Dan Peddinghus GmbH & Co. KG (CDP) of Germany and with this acquisition the company emerged as world's second largest forging company. Also they acquired Imatra Kilsta AB Sweden & Scottish Stampings Scotland. In the year 2005 the company signed a joint venture contract with FAW Corporation for their forging business. In September 21 2005 the company through their wholly owned subsidiary Bharat Forge Beteiligungs GmbH Germany acquired Imatra Kilsta AB Sweden along with its wholly owned subsidiary Scottish Stampings Ltd Scotland (together called Imatra Forging Group) which are now renamed as Bharat Forge Kilsta AB (BF Kilsta) and Bharat Forge Scottish Stampings Ltd respectively. Also they acquired Federal Forge now known as Bharat Forge America Inc. which provided the company with a manufacturing presence in USA one of their largest markets.In the year 2006 the company made investment of $ 100 million to set-up dedicated state-of-the-art forging & machining facilities for non-auto components. In the year 2008 they signed an MoU with NTPC. In August 2008 they commissioned India's Largest Commercial Open Forging Press. Also the company in association with Alstom formed a joint venture in Indian to manufacture state-of-the-art super critical power plant equipment. In March 2009 the company started operations in the new state-of-the-art 80 Mtr-T counterblow hammer in Baramati for production of heavy forgings for large diesel engines and aerospace applications as well as Machining line for heavy duty.During the year 2009-10 the company incorporated a joint venture (JV) company BF-NTPC Energy Systems Ltd (BFNESL) with a 51% equity interest held by the company and balance held by NTPC Limited for the manufacture of critical items of Balance of Plants and other equipment for which India still remains dependent on imports. Also the company set up two joint venture companies in partnership with ALSTOM Power Holdings S.A. for manufacturing sub-critical and supercritical thermal power plant equipment. The two JV companies named ALSTOM Bharat Forge Power Ltd and Kalyani ALSTOM Power Ltd will manufacture turbine and generators for power plants in the 300- 800 MW range and auxiliaries like heat exchangers condensers and deaeraters respectively. During the year the company entered into Preliminary Joint Venture and Shareholders' Agreement with AREVA NP France to create a manufacturing facility for heavy forgings and castings for the power sector particularly Nuclear Power segment and other heavy industries in India. In January 2010 the first phase of the capacity creation plan for the non-auto components business was completed with the commissioning of the ring rolling facility at Baramati. Also they established Kalyani Centre for Technology & Innovation. During the year 2010-11 the company commissioned new vertical heat treatment facility for manufacture of Turbine and Generator Rotors alongwith thermo stability test facility. Also Ring Rolling Mill in BARAMATI became fully operational and became a supplier of critical rings for different customers specially for Gear Box manufacturers. Also they company made an additional investment of Rs 150 crore in expanding machining line further for crankshaft machining in Baramati.In 2012 the companie's power equipment joint-venture with Alstom bags Rs. 1570 crore order from NTPC Ltd.In 2013 NTPC orders three supercritical turbine islands from Alstom-Bharat. Bharat Forge Alstom Power JV bags Rs 2251 cr order from NTPC.In 2014 there was a amalgamation of Joint Venture Companies -Safran and Bharat Forge to form partnership to address opportunities in Indian civil and military aerospace. The Kalyani Group Sign a Strategic Partnership for the Air Defence of IndiaIn 2015 Production starts at Alstom-Bharat Forge's new turbine and generator manufacturing facility in India. The company awarded Recognition Prize - Energy Efficiency Award 2015. Bharat Forge and Mahindra CIE an alliance between Spain''s CIE and Indias Mahindra Group are in the race to acquire Amtek Autos German subsidiary Neumayer Tekfor. The company has formalized a significant supply agreement for long term co-operation with Rolls-Royce.

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